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. afterwards the secretary told pentagon workers the united states must lead with its allies. he says he believes the military is a force for good and that he is committed to equal benefits for all service members. secretary hagel also touched on those looming budget cuts calling them a reality we need to figure out. those cuts also a top priority for the nation's next treasury secretary. the senate voted about two hours ago to confirm the former white house chief of staff jack lew to that position. is he now set to succeed tim geithner. lew is the former white house budget director and prior to that he was an exec at citigroup. some republicans had criticized lew over compensation the bank gave him during a time when taxpayers bailed the bank out but today 20 republicans voted for him. the final tally 71 to 26. all that despite a squiggly thing he calls a signature. the president is speaking, giving remarks at the business council dinner at the park hyatt in washington. he expected to urge congress to compromise to replace the sequester, the name for that thing they have given this thin
from defense and domestic programs. that would mean temporarily laying off thousands of pentagon staffers. air traffic controllers, border guards and federal agents. carl cameron is in d.c. carl? >> thanks, shep. senate democrats today actually proposed their alternative to all these across the board cuts. they come up at the end of the month. it's $55 billion in spending cuts. and $55 billion in tax increases. but ta up $650 billion already this year. so when republicans heard that they i. the democrats were talking about more, the g.o.p. said no way. not a solution. even they know it can't pass. political stunt designed to mask the fact they have offered no solutions. >> congressional budget office estimates the cuts would trim 8% off the department of defense and about 5% to 6% off othe rest of the agencies. democrats insist that any solution to decades of deficit spending has to include tax hikes on the rich. is is it a spending problem? no. it's because we have a misallocation of capital. a misallocation of wealth. we have a tax code that is skewed for the wealthy. >> so rep
Search Results 0 to 2 of about 3 (some duplicates have been removed)